Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Taiwan: 11 Fund Managers Selected to Receive Policy Concessions
09/10/2023
Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.
ESG / Sustainability
European Parliament Adopts New Standards for Green Bonds
09/10/2023
The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.
Citi Announces Deal to Sell China Consumer Business to HSBC
09/10/2023
Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.
Market Infrastructure
India, UAE Sign Agreement to Interlink Payment Systems
09/10/2023
India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.
Securities / Derivatives
ESMA Consults on Potential Move to Shorter Securities Settlement Cycle
08/10/2023
ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.
MAS and Industry Bodies Publish Financial Planning Guide
08/10/2023
Financial advisory firms and their representatives are asked to refer to the guide in their financial planning conversations with customers.
Crypto / Digital Assets
China Establishes CBDC Connectivity with Hong Kong FPS
07/10/2023
Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.
ESG / Sustainability
NGFS Publishes Conceptual Note on Short-term Climate Scenarios
07/10/2023
The conceptual note proposes five different climate scenario narratives to underpin the short-term dynamics associated with various transition and physical impacts.
Crypto / Digital Assets
ESMA Issues Second Consultation on MiCA Technical Standards
07/10/2023
The consultation covers sustainability indicators of CASPs, trade transparency, record-keeping, and machine-readability of white papers.
Enforcement
Malaysia’s High Court Penalises Former Bank Rakyat Execs
06/10/2023
Bank Rakyat’s ex-chairman and ex-managing director breached their fiduciary duties by arranging sponsorship for a book about Najib Razak in 2016.
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